Werba Rubin Papier Wealth Management Has $254,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Werba Rubin Papier Wealth Management lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,766 shares of the cable giant’s stock after selling 1,729 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Comcast were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in Comcast by 1.3% in the 4th quarter. Global Retirement Partners LLC now owns 57,842 shares of the cable giant’s stock valued at $2,171,000 after buying an additional 721 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in Comcast by 16.5% during the 4th quarter. Convergence Investment Partners LLC now owns 34,482 shares of the cable giant’s stock worth $1,294,000 after purchasing an additional 4,890 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in Comcast during the 4th quarter worth approximately $218,000. Bank of Jackson Hole Trust purchased a new position in shares of Comcast in the 4th quarter worth approximately $123,000. Finally, Hara Capital LLC boosted its stake in shares of Comcast by 5.4% in the 4th quarter. Hara Capital LLC now owns 8,615 shares of the cable giant’s stock worth $323,000 after buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Trading Up 2.7 %

CMCSA stock opened at $36.35 on Wednesday. The stock has a market cap of $137.42 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.73 and a beta of 1.00. The business’s 50-day moving average is $36.79 and its 200 day moving average is $39.64. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 29.88%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.